NIPPON PARKING DEVELOPMENT Co.,Ltd. (2353) Stock Price

Japan Parking Development is a company whose core business includes operating and managing parking lots through bulk leasing agreements, and monthly car rental services. Through consolidated subsidiaries, the company also operates ski resorts and theme parks, and provides parking information services online.

The company's main suppliers are major corporations with their own buildings such as life insurance and casualty insurance companies, building lease companies, parking equipment manufacturers, and individual building owners. Its customers include general drivers and corporations. Revenue consists of stable rental income from leasing agreements, management fees, hourly and monthly rental fees, commissions from web intermediation, and revenue from facility operations.

The company's business is divided into four segments: parking lot operations, ski resort operations, theme park operations, and other operations. In parking lot operations, the company provides direct management of idle spaces through bulk leasing, customer acquisition and contract intermediation, high-value-added management services such as attended parking and valet services, and one-stop monthly car rental services including vehicles, maintenance, and insurance. Through ski resorts and theme parks, the company promotes regional revitalization via lift operations, rentals, and food and beverage and accommodation services. In other operations, the company engages in human resources training, healthcare, and renewable energy.

The company aims to achieve stable, high-margin growth by activating underutilized assets and pursuing sustainable expansion with strong profitability. Currently, the company operates 1,512 parking facilities domestically and recognizes significant untapped opportunities, including over 10,000 properties subject to mandatory parking requirements. As specific performance targets, the company maintains high levels of operating profit growth rate, operating margin, equity ratio, and return on equity. The company is also diversifying revenue streams through parking guarantees, management fees, and web-based brokerage income.

The primary investment focus is the parking business, particularly direct operations through long-term leases of mechanical multi-story parking facilities and high-value management services including staffed operations and valet services. The company deepens owner relationships by offering parking guarantees, revenue improvement proposals, consulting on repairs and reconstruction of multi-story facilities, and alternative parking solutions during renovation periods. For corporate clients, the company strengthens monthly contract car rentals with parking and differentiates itself through one-stop vehicle management services covering the entire value chain.

For new market development and business expansion, the company focuses on acquiring new operating properties in designated cities and core cities domestically while advancing international expansion. The company already operates in Thailand and aims to improve profitability by providing services that address growing vehicle ownership across Asia. In ski resort and theme park operations, the company regenerates regional assets through M&A and the "NSD Alliance" management support network. For ski resorts, the company selects attractive facilities based on acquisition criteria including elevation, snowfall, and accessibility from urban areas, while reducing seasonal risk through off-season operations and indoor facility expansion.

In technology innovation, the company enhances the parking search website and expands property listings to visualize supply-demand gaps, driving new openings and improvement proposals to owners. By incorporating accumulated owner, user, and search data into sales strategy, the company simultaneously improves occupancy rates and unit prices through property updates and optimization in high-demand areas. For ski resorts, the company invests in snowmaking equipment, long-term facility improvement plans, and rigorous safety training to enhance service quality and profitability.